(Corrects stock price in 14th paragraph) (Adds details on sales, backlog, background, stock action) CHICAGO, July 27 (Reuters) - Auto parts maker American Axle & Manufacturing Holdings Inc. said on Friday that quarterly earnings rose 67 percent, easily topping expectations, on higher sales and cost cuts from restructuring programs. American Axle also said its backlog of new business, a key indicator for auto parts suppliers, has increased by about $400 million to $1.2 billion for ...
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